Proceeds from the government’s latest offer of retail treasury bonds (RTBs) have “exceeded” P250 billion, the Bureau of the Treasury (BTr) said on Tuesday. February’s proceeds come from the BTr’s offering of three-year retail bonds, priced at a coupon of 4.375 percent. These include the health care system; unemployed overseas Filipino workers; and micro, small and medium enterprises. The government has been issuing retail bonds as part of efforts to support financial inclusion and literacy among Filipinos by making basic investment instruments accessible to the public. Retail bonds are generally considered low-risk for investors, allowing them to earn a fixed interest based on prevailing market rates.

Source: Manila Times July 21, 2020 17:08 UTC